The bank reported standalone net profit of Rs 34.24 crore for the quarter ended March 31, 2025 as compared to Rs 28.21 crore in the same period last year, registering a year-on-yearÿgrowthÿof 21.38 per cent.
Interest income of the bank rose by 13.35 per cent at Rs 231.46 crore for the quarter ended March 31, 2025 as against Rs 204.20 crore in the corresponding period last year.
During the January-March quarter, total income rose moderately by 14.37 per cent to Rs 257.03 crore from Rs 224.74 crore in the year ago period.
Meanwhile, operating expenses increased by 13.44 per cent to Rs 210.19 crore from Rs 185.29 crore in the same period last year.
Operating profit surged 18.73 per cent to Rs 46.84 crore from Rs. 39.45 crore.
Provisions and Contingencies surged by 1.65 per cent at Rs 1.85 crore from Rs 1.82 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, increased by 18.81 per cent at Rs 103.06 crore versus Rs 86.74 crore in the year ago period. Non-interest income rose 24.49 per cent year-on-year to Rs 25.57 crore.
On the asset side, gross non- performing assets (NPAs)ÿfellÿto 2.58 per cent of the gross advances as at the end of March 31, 2025 from a level of 2.76 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 1.30 per cent of net advances on March 31, 2025 from 1.40 per cent a year ago.